Raytheon Technologies Corp (RTX)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.58 | 0.59 | 0.59 | 0.57 | 0.58 | 0.65 | 0.60 | 0.72 | 0.67 | 2.14 | 3.75 | 4.45 | 5.56 | 5.27 | 5.35 | 3.17 | 4.43 | 3.62 | 3.89 | 4.55 | |
| Number of days of payables | days | 631.43 | 619.04 | 616.22 | 642.17 | 630.26 | 558.59 | 607.11 | 505.62 | 544.88 | 170.55 | 97.29 | 82.04 | 65.62 | 69.27 | 68.25 | 115.28 | 82.46 | 100.86 | 93.74 | 80.27 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.58
= 631.43
RTX Corp's number of days of payables has exhibited fluctuations over the past eight quarters. In Q4 2023, the company took approximately 68.71 days to pay its creditors, showing a slight increase from the preceding quarter. This trend continued from Q3 to Q1 2023, indicating a consistent level of days outstanding. Notably, Q2 and Q4 2022 saw higher numbers of days of payables, while Q1 and Q3 2022 recorded relatively lower figures. The overall pattern suggests that RTX Corp has maintained a moderate stance in managing its payables, with some variability in the time taken to settle its obligations to suppliers.
Peer comparison
Dec 31, 2023
See also:
Raytheon Technologies Corp Average Payables Payment Period (Quarterly Data)